Our 2020 Annual Report describes a transaction underway, whereby Winning Brands will have an additional subsidiary, to serve as a Tech Division. The technology platform in this division is patented, and in use. The report explains the trusteeship circumstances by which this acquisition has become possible. The transaction, which is passing through normal stages for transactions of this nature, is governed by a Non-Disclosure Agreement.
The price has been agreed and all parties are cooperating to professionally plan the transfer of intellectual property and operating assets to Winning Brands. When these matters are completed by legal counsel, then payment can be made and the transaction will be finalized. For extra care, the transaction will be approved by a court. This will confirm that Winning Brands holds the acquired rights and assets outright.
These assets are in use presently, by way of an operating business. The business has existing qualified management and customers.
There is a widely accepted principle in business and life that “one is known by the company that one keeps“. For a business, this is manifest by the company’s customer list. The customer list is the ultimate “vetting”. A customer list reveals, better than any other form of assessment, whether the products/services that an enterprise delivers are useful, of good quality and meet the scrutiny of discerning purchasers.
Permission has been received from the Tech Division CEO to provide a partial list of customers. This provides WNBD shareholders with helpful perspective to consider whether Winning Brands is likely to benefit from this acquisition. The customers shown below are only some of the organizations that have specified, ordered, received, paid-for and are using the Tech Division’s patented products and services in arm’s length transactions. It is not merely a “prospect list”. Upon completion of the acquisition, future sales will be reported within the Winning Brands financial statements on a combined and consolidated basis. The entirety of the Tech Division customer list will then be Winning Brands’ customer list.
The technology is inherently interesting. It has various uses and opportunities for continued intellectual property creation. It is relevant to key trends in the modern world. This is not yesterday’s concept for a by-gone era; it is tomorrow’s technology that was introduced ahead of its time – thus being able to earn patent protection. Because of its suitability for modern social trends, this technology will gain momentum in coming years. Winning Brands’ future business operations associated with this technology will generate continuing natural opportunities for media coverage that is particularly helpful to public companies. This will stimulate awareness of both the technology and the company that is providing it.
The name of the Tech Division company is not a household word, but the names of “our” customers are. This is an example of a category of niche enterprises that “no-one has heard of”, and yet are closer than you realize because the customers are organizations whom “everybody knows”.
The goal of this acquisition is for both parties to the transaction to add value to each other, so that they can together better serve their customers and stakeholders. Thus, the transaction is beneficial for all.
PARTIAL LIST OF SATISFIED CUSTOMERS OF THE TECH DIVISION:
- NASA
- CNN
- Ford
- Disney
- Sprint
- Ripley Entertainment
- FedEx
- P&G
- Hugo Boss
- Telefonica
- United Technologies
- W Hotels
- Crayola
- GAP
- Old Navy
- NBA
- Target
- T-Mobile
- AT&T
- Virgin
- McDonalds
- Kubota
- LG
- Samsung
- Vodafone
- Best Buy
- Pepsi
- L’Oréal
- Universal Studios
- Travelers Insurance
- Marriott
- Behr Paints
- Gillette
- Hitachi
- Weather Services International
- Mayo Clinic Health System
- Sick Kids Foundation
- Shriner’s Hospitals for Children
- Kaiser Permanente
- Lehigh Valley Health Network
- Miami Children’s Hospital
It is important that Winning Brands does not jeopardize the transaction by rushing the arrangements. The processes are coming together at a normal pace for transactions involving sophisticated assets, customers and operations.
The partial customer list above is provided as a courtesy to our shareholders, so that they can discern for themselves whether these possibilities are of interest to them, as they consider their investment options in OTC Markets and elsewhere.
